Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion
Nov 21, 2024, at 10:34 pm
California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20).
RBI alerts investors about 'deepfake videos' of Governor Shaktikanta Das circulating on social media
Nov 20, 2024, at 09:04 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday (Nov. 19) issued a warning to investors regarding the circulation of deepfake videos featuring Governor Shaktikanta Das on social media.
Oct 31, 2024, at 03:46 am
São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.
Nvidia partnering with Reliance to build AI infra in India: Jensen Huang
Oct 24, 2024, at 07:36 pm
Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.
NVIDIA's Blackwell chips will be available for shipping from Q4 this year: CEO Jensen Huang
Oct 24, 2024, at 06:40 pm
Mumbai/IBNS: NVIDIA Corporation’s CEO Jensen Huang announced that the company’s advanced Blackwell chips, key to its next-generation GPU architecture, will begin shipping to customers in the fourth quarter of this year.
Microsoft-OpenAI 'bromance' frays as tensions rise over funding, staff clashes, and new AI deals
Oct 21, 2024, at 01:46 am
San Francisco: Sam Altman, co-founder of OpenAI, once described the company's partnership with Microsoft as “the best bromance in tech.” However, this relationship is now strained, as Microsoft appears to be hedging its bets, according to a report by the New York Times.
ChatGPT maker OpenAI secures $6.6 billion funding with investment from Microsoft, Nvidia
Oct 03, 2024, at 08:07 pm
California/IBNS: American artificial intelligence (AI) research company OpenAI has secured $6.6 billion in investments, potentially valuing the ChatGPT maker at $157 billion, positioning it among the world’s most valuable private enterprises, Reuters reported.
ChatGPT maker OpenAI to remove non-profit board's control; Sam Altman to get equity stake: Report
Sep 27, 2024, at 04:58 am
San Francisco: ChatGPT creator OpenAI is planning to restructure its core business into a for-profit benefit corporation, which would no longer be under the control of its non-profit board, Reuters reported.
PM Modi has a clear vision about how AI will benefit India: Google CEO Sundar Pichai
Sep 23, 2024, at 09:33 pm
New Delhi/IBNS: Google CEO Sundar Pichai has lauded Prime Minister Narendra Modi, who is on a three-day tour to the United States, for his "clear vision" about how Artificial Intelligence will benefit India.
South Korea summit aims to create 'blueprint' for integrating AI into the military
Sep 09, 2024, at 08:07 pm
Seoul/IBNS: South Korea on Monday (Sept 9) hosted an international summit in its capital Seoul aimed at creating guidelines for the responsible use of artificial intelligence (AI) in military settings.
The rise of Gen AI poses an existential threat to Google
Sep 09, 2024, at 07:10 pm
California: For over twenty years, Google has been the dominant force in the online search market, building a $175 billion business that has become central to the internet experience.
'Rationalise and simplify': IMF's Gita Gopinath gives tips to increase GST revenue
Aug 18, 2024, at 07:13 am
New Delhi: Emphasising that structural reforms should be continuous, Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that India should continue to rationalise and simplify its Goods and Services Tax (GST) system to boost revenue, media reports said.
Ola founder Bhavish Aggarwal's first Krutrim AI chips to be ready by 2026
Aug 16, 2024, at 05:18 am
Bengaluru: Krutrim, an AI startup founded by Ola Cabs co-founder and CEO Bhavish Aggarwal last December, announced on Thursday that it plans to design, develop, and launch its first AI chip by 2026, media reports said.
Jul 04, 2024, at 05:47 pm
New Delhi/IBNS: Union Information Technology Minister Ashwini Vaishnaw said Wednesday that the Indian government will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems.
Reliance Jio hikes tariff, highlights its 5G network and AI-enabled services
Jun 28, 2024, at 04:36 am
Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.
SoftBank develops AI-driven voice tech to deal with angry customers
Jun 15, 2024, at 04:33 am
Japanese tech giant SoftBank Corp has introduced an innovative voice-altering phone technology to combat the growing issue of "customer harassment."
IMF Chief says AI impact on labour forces to be like 'tsunami': Report
May 14, 2024, at 10:43 pm
Zurich (Switzerland): Artificial intelligence (AI) is geared up to change the global labour market in a significant manner, comparable to a “tsunami”, said International Monetary Fund Managing Director Kristalina Georgieva, media reported.
Apr 11, 2024, at 07:03 am
Abu Dhabi: 3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.
AI has changed skilled jobs and hiring of new recruits: Nirmala Sithraman
Feb 04, 2024, at 06:47 am
New Delhi: Artificial Intelligence (AI) has disrupted the requirement for skilled jobs and hiring equally, apart from the current situation of global economic slowdown, Finance Minister Nirmala Sitharaman told Network18 Editor-in-Chief Rahul Joshi in an interview.
Ola founder Bhavish Aggarwal's AI start-up Krutrim becomes India's first AI unicorn
Jan 27, 2024, at 03:40 am
Bengaluru: Artificial intelligence (AI) startup Krutrim, founded by Ola founder Bhavish Aggarwal, has attained unicorn status by securing $50 million in funding from investors, including Matrix Partners India.
World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products
Jan 20, 2024, at 04:37 am
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
Jan 15, 2024, at 11:33 pm
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
Mercedes-Benz unveils new AI-based virtual assistant for cars
Jan 11, 2024, at 12:04 am
Auto major Mercedes-Benz is showcasing a raft of developments that define its vision for the hyper-personalised user experience of the future – in-car and beyond. Headlining those is the new, integrated MBUX Virtual Assistant.
Canara Bank unveils Data and Analytics Centre in Bengaluru
Jan 03, 2024, at 06:14 am
Public sector lender Canara Bank has opened its new Data and Analytics Centre (DnA) in Bengaluru city.
Infosys loses mega deal with AI firm following CFO's exit
Dec 25, 2023, at 06:51 pm
Mumbai/IBNS: Narayan Murthy's Infosys has lost a mega deal with an undisclosed AI firm days after a sudden resignation by the company CFO Nilanjan Roy, media reports said.
Dec 14, 2023, at 04:30 am
London: Jaguar Land Rover (JLR) announced on Tuesday an enhanced collaboration with Tata Communications to ensure a future-ready digital transformation across the global sites of the British automaker, a report in the media said.
Adobe buys Bengaluru-based AI firm Rephrase.ai
Nov 23, 2023, at 03:24 am
Bengaluru: Adobe has bought Rephrase.ai, a Bengaluru-based company known for its artificial intelligence (AI)-based video creation platform. An internal communication at Adobe has verified this acquisition by the major US software company, reported ET.
Wipro joins hands with NVIDIA to integrate generative AI in healthcare
Nov 22, 2023, at 05:20 am
Bengaluru: Leading IT firm Wipro on Tuesday announced a partnership with chip-maker NVIDIA aimed at expediting the integration of generative artificial intelligence (AI) in healthcare enterprises.
Indian-American teen's AI startup valued at Rs 100 cr
Oct 12, 2023, at 03:34 am
At just 16 years old, Pranjali Awasthi, an Indian prodigy, has entered the tech arena with her startup, Delv.AI. Her venture, dedicated to streamlining the process of data extraction for research purposes, took off in January 2022.
ChatGPT developer OpenAI planning to make its own AI chips: Report
Oct 07, 2023, at 07:50 am
San Francisco: ChatGPT’s developer OpenAI is considering the development of its own artificial intelligence chips and has even explored a potential acquisition target, Reuters reported, citing sources.